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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Advertisement expenditure - one of the functions to be performed ...

Income Tax

February 11, 2015

Advertisement expenditure - one of the functions to be performed was to incur the advertisement and promotion expenditure, then the expenditure incurred for the said purpose should be allowed u/s37(1) - However, adequate compensation/price should be paid for the same by the associated enterprise - HC

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